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33998124
33998125

670 High St, Waynesville, OH 45068

$550,000
11 days on market
Updated 7 days ago

670 High St

Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Class C
Year Built 1966
Stories 2
Acreage 0.140

Multifamily

Marketing description

670 N High Apartments presents a rare opportunity to acquire a fully occupied four-unit apartment building in the highly desirable Village of Waynesville, Ohio. The property combines immediate cash flow with significant upside through below market rents. Current annual gross income of approximately $47,640 offers stable in place returns, while market rent potential provides investors the opportunity to substantially increase income and overall asset value. With durable all-brick construction, a newly installed roof, tenant-paid utilities, and minimal owner responsibilities, this property represents an ideal long-term investment requiring very little day-to-day management.

Investment highlights

  • • Approx. 6.55% Current CAP
  • • Estimated 8.80% Pro Forma CAP
  • • Current Gross Income: $47,640 annually
  • • Estimated Market Gross Income: Approximately $60,000 annually
  • • Brand-New Roof (June 2026)
  • • Tenants pay electric, gas, water, sewer and trash
  • • Lawn care and snow removal currently handled by a tenant
  • • Four spacious 2-bedroom / 1-bath apartments (approximately 750-800 SF each)
  • • Solid all-brick construction
  • • Historically strong occupancy
  • • Rare multifamily opportunity in Waynesville
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Zoning

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R-1 ResidentialSingle FamilyResidence Single Family
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Last updated Jun 10, 2026 For deeper zoning details, reports are available at Zoneomics

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